Source: African Development Bank Group (AfDB) |

Africa, Latin America and the Caribbean join forces to drive circularity

Dialogue was held among entrepreneurs, academics, and champions on the need to scale up the transition towards circular economies

The African Circular Economy Alliance (ACEA) (www.ACEAafrica.org), and the Circular Economy Coalition of Latin America and the Caribbean (CEC LAC) (https://bit.ly/3hHaxPw) have organized the first regional dialogue to strengthen cooperation around their common objectives. The event, titled “Regional deep-dive: Africa, Latin America & the Caribbean joining forces for circularity,” took…

Source: African Development Bank Group (AfDB) |

Rwanda: African Development Bank extends $84 million in financing to boost electricity access

The funds comprise a loan of $36.77 million from the Bank Group’s African Development Fund and a $47.45 million ADF grant

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved  $84.22 million in loans and grants to electrify nearly 80,000 rural households in south Rwanda. The project will advance the country’s goal of universal electrification and benefit small businesses and youth. The funds comprise a loan of…

Source: African Development Bank Group (AfDB) |

African Development Bank’s Affirmative Finance Action for Women in Africa (AFAWA), African Guarantee Fund, partner to unlock $1.3 - $2 billion in loans to women entrepreneurs

Financial institutions in Cameroon, Democratic Republic of Congo, Kenya, Rwanda, Tanzania and Uganda are signing on to the program

The African Development Bank’s (www.AfDB.org) Affirmative Finance Action for Women in Africa (AFAWA) program has agreed a partnership with the African Guarantee Fund (AGF) to unlock $1.3 to 2 billion in loans to women-owned Small and Medium Sized Enterprises (SMEs) in Africa, by working with financial institutions to enhance their…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

25 young African agripreneurs advance to ‘boot camp’ in the African Development Bank’s $120,000 AgriPitch Competition

The final round offers young entrepreneurs in Africa’s agricultural sector the opportunity to pitch their agribusiness proposals online to a panel of experts and investors who will select the winners

Twenty-five young African agripreneurs have advanced to the “boot camp” final round of the African Development Bank’s (www.AfDB.org) AgriPitch competition, stepping closer to a share of $120,000 in seed funding prizes, training and other benefits. The final round offers young entrepreneurs in Africa’s agricultural sector the opportunity to pitch their…

Source: African Development Bank Group (AfDB) |

COVID-19 stresses the need to transform Africa’s water, sanitation and hygiene services sector (By Osward M. Chanda)

The SWA Africa Region Finance Ministers’ Meeting held 4 November, highlighted a need for the continent’s Ministers of Finance to place more focus on and increase investments for water, sanitation and hygiene (WASH)

By Osward M. Chanda Alarming headlines that announced the arrival of the coronavirus pandemic in Africa in March 2020 have given way to stories of chin-stroking scientists wondering about the reasons for the relatively mild impact – compared to other continents – which COVID-19 has had on Africa. More than…

Source: African Development Bank Group (AfDB) |

African Development Bank signs grant agreement to support the Rwanda Coding Academy

The Academy selects high performing students and trains them in advanced software programing and cyber security skills to facilitate their emergence as world-class programmers

The African Development Bank (www.AfDB.org) has signed a grant agreement with the Ministry of ICT and Innovation in Rwanda to support the Rwanda Coding Academy, set up to develop top technology talent to drive a booming, innovation-driven digital economy in the East African nation. The Rwanda Coding Academy was set…

Source: African Development Bank Group (AfDB) |

African Development Bank’s second virtual business opportunities seminar of 2020, draws 250 global partners and suppliers

During the seminars, participants are informed about the Bank’s strategy for supporting economic growth, its priority areas and rules and procedures for project and corporate procurement

The African Development Bank (www.AfDB.org) hosted its second virtual business opportunities seminar in 2020 (BOS) on 13 and 14 October. The BOS offers a one-stop shop for individuals and consulting firms, civil contractors, manufacturers, suppliers, and diplomatic commercial attachés from the Bank Group’s regional and non-regional members seeking to provide…

Source: African Development Bank Group (AfDB) |

Supporting Public Private Partnerships in Africa: African Development Bank ready to scale up

The African Development Bank estimates Africa’s infrastructure financing needs at up to $170 billion a year by 2025

Representatives of the African Development Bank (www.AfDB.org), governments, Development Finance Institutions, the private sector and  professional associations joined a September 8 workshop to discuss how the Bank can strengthen support for Public Private Partnerships and channel greater investment toward economic and social infrastructure. The event, titled Designing the African Development…

Source: African Development Bank Group (AfDB) |

African Development Bank partners with Alliance for a Green Revolution in Africa as sponsor of virtual African Green Revolution Forum (AGRF)

AGRF online will convene the most senior decision-makers of governments in the same digital space as grassroots players along the agricultural value chain

The African Development Bank (https://www.AfDB.org/en) returns as a top-tier partner of the African Green Revolution Forum (AGRF) – Africa’s largest agriculture conference – to be held online for the first time from 8-11 September 2020, in light of the COVID-19 pandemic. The tenth annual AGRF will be headlined by African…

Source: African Development Bank Group (AfDB) |

African leaders reaffirm support for African Development Bank as President Adesina begins second term

The meetings were held virtually due to the restrictions imposed by the COVID-19 outbreak

African leaders on Tuesday reaffirmed their support for the African Development Bank Group (https://www.AfDB.org/) and its leadership under Dr. Akinwumi Adesina as he begins his second five-year term with a renewed mandate to foster sustainable development on the continent.  In goodwill messages to mark Adesina’s inauguration, Presidents Muhammadu Buhari of…